The Business Readiness Check List will help you to identify the various issues you must be aware of, and on top of, before you can actually start your new business.

Instructions: Carefully review the following Business Readiness Check List to identify the issues you need to plan for. Check the choices that best represent your status. Create an action plan for each item requiring attention.

Please fill in questions marked in red

REGISTRATIONS AND REGULATIONS

1. Establish a business location

Addressed
Does not apply
Needs attention

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2. Select a name for your business

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Needs attention

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3. Choose a business structure

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Needs attention

4. File for an Employer Identification number (EIN) with the IRS

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Does not apply
Needs attention

5. Business Law

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Does not apply
Needs attention

http://www.abanet.org)Addressed
Does not apply
Needs attention

INSURANCE

1. Determine your business insurance needs

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Does not apply
Needs attention

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RECORD KEEPING

1. Plan a system for recording important financial information

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Does not apply
Needs attention

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2. Plan a system for recording and paying taxes

http://www.irs.gov/businesses/small/article/0,,id=176080,00.htmlAddressed
Does not apply
Needs attention

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